AT&T Inc. (NYSE:T)‘s stock had its “buy” rating restated by equities researchers at Deutsche Bank AG in a report issued on Tuesday. They presently have a $45.00 target price on the stock. Deutsche Bank AG’s price objective would indicate a potential upside of 14.42% from the company’s current price.
A number of other research analysts also recently commented on the company. Wells Fargo & Co. reaffirmed a “buy” rating on shares of AT&T in a report on Thursday, October 6th. Vetr raised AT&T from a “hold” rating to a “buy” rating and set a $41.50 target price on the stock in a report on Tuesday, October 4th. Zacks Investment Research downgraded AT&T from a “hold” rating to a “sell” rating in a report on Monday, October 3rd. Barclays PLC reaffirmed a “buy” rating and set a $45.00 target price on shares of AT&T in a report on Monday, September 26th. Finally, HSBC raised AT&T from a “reduce” rating to a “hold” rating and set a $38.00 target price on the stock in a report on Monday, September 26th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $41.86.
Shares of AT&T (NYSE:T) opened at 39.33 on Tuesday. The company has a 50 day moving average price of $40.43 and a 200-day moving average price of $40.52. AT&T has a 1-year low of $32.22 and a 1-year high of $43.89. The stock has a market capitalization of $241.96 billion, a P/E ratio of 16.96 and a beta of 0.30.
AT&T (NYSE:T) last released its earnings results on Thursday, July 21st. The company reported $0.72 EPS for the quarter, hitting analysts’ consensus estimates of $0.72. AT&T had a return on equity of 13.93% and a net margin of 8.76%. The company had revenue of $40.50 billion for the quarter, compared to the consensus estimate of $40.75 billion. On average, equities research analysts forecast that AT&T will post $2.86 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Monday, October 10th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.88%. AT&T’s payout ratio is presently 83.12%.
In other news, CEO John T. Stankey sold 2,131 shares of AT&T stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $43.38, for a total value of $92,442.78. Following the transaction, the chief executive officer now directly owns 13,583 shares in the company, valued at $589,230.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.07% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of T. Forte Capital LLC ADV increased its stake in AT&T by 4.8% in the first quarter. Forte Capital LLC ADV now owns 36,052 shares of the company’s stock worth $1,412,000 after buying an additional 1,649 shares during the last quarter. Sadoff Investment Management LLC increased its stake in AT&T by 0.7% in the first quarter. Sadoff Investment Management LLC now owns 244,057 shares of the company’s stock worth $9,560,000 after buying an additional 1,656 shares during the last quarter. Vicus Capital increased its stake in AT&T by 6.9% in the first quarter. Vicus Capital now owns 76,990 shares of the company’s stock worth $3,016,000 after buying an additional 4,950 shares during the last quarter. PGGM Investments increased its stake in AT&T by 1.9% in the first quarter. PGGM Investments now owns 9,379,829 shares of the company’s stock worth $367,408,000 after buying an additional 170,813 shares during the last quarter. Finally, Lodestar Investment Counsel LLC IL increased its stake in AT&T by 10.4% in the first quarter. Lodestar Investment Counsel LLC IL now owns 163,086 shares of the company’s stock worth $6,388,000 after buying an additional 15,381 shares during the last quarter. Institutional investors and hedge funds own 53.64% of the company’s stock.
AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.
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